Dalata Hotel Group has successfully refinanced its existing debt facilities, securing €600m to fund future growth plans, including a €100m green term loan and a €375m multi-currency revolving credit facility, both with a five-year term expiring in October 2029.
The company also completed its first private placement with €125m in senior secured notes, consisting of €62m and £52.5m, maturing in five to seven years.
Dalata expressed that the strong demand for the refinancing reflects confidence in its performance, and the new facilities will support its growth strategy.
The hotel group’s banking syndicate now includes NatWest, Allied Irish Banks, Bank of Ireland, Barclays, and HSBC, replacing the previous loan facility due to mature next October.
Chief financial officer Carol Phelan shared: “This increases our debt capacity to €600m, diversifies our funding sources and enhances the flexibility under the agreements. As part of the refinancing, we are very pleased to have also secured our inaugural private placement on attractive terms demonstrating the credit quality of the group”
